Jun, 30, 2024 — GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PARSIPPANY, NJ with 1 branch location and about $6.29 million in total assets. Opened 87 years ago in 1937, GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION has about 532 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Campus Dr PARSIPPANY, NJ 07054-4404 |
Phone: | (973) 628-3852 |
Fax: | (973) 628-3563 |
Website: | https://www.gafcreditunion.org |
Branches: | 1 branch locations |
Members: | 532 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2348 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Aug 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,294,608 |
CEO/Manager: | Denise Faver |
Chairperson: | Lori Starr |
ASSETS: | $ Amount |
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Cash & Equivalents | 148,260 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 181,028 |
Unsecured Loans | 407,704 |
Other Loans | 691,939 |
TOTAL LOANS | 1,280,671 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,195 |
Land And Building | 0 |
Other Fixed Assets | 84 |
NCUSIF Deposit | 50,512 |
All Other Assets | 0 |
TOTAL ASSETS | 6,294,608 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,997 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 211,274 |
Regular shares | 5,330,386 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 5,541,660 |
TOTAL LIABILITIES | 5,551,657 |
Regular Reserve | 0 |
Other Reserves | 55,439 |
Undivided Earnings | 687,512 |
TOTAL EQUITY | 742,951 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,294,608 |
INCOME & EXPENSE | |
Loan Income | 44,963 |
Investment Income | 57,746 |
Other Income | 2,590 |
Total Employee Compensation & Benefits | 63,824 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 28,485 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 5,999 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,762 |
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